ASEAN has a justified reputation for moving slowly on formal commitments to regional economic integration. However our report makes it clear that the real picture is much more complex, and that regional ambitions are driving important changes in the insurance market. Attitudes to foreign capital are evolving, regulatory capacity is uneven but growing and the race to position for a regional market has already started. At a time when both the EU and the US are reframing their trade policy relationships with the region, this is an important dynamic to understand. The opportunities both in commercial and policy terms are considerable.
The ASEAN Insurance Markets report was produced with the support of Prudential PLC. This report does not represent the views of Prudential PLC or any individuals other than the named authors.
The views expressed in this note can be attributed to the named author(s) only.